Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Mar. 31, 2023 | May 10, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001006830 | |
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 033-79130 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1771400 | |
Entity Address, Address Line One | 614 East Lincoln Way, P.O. Box 256 | |
Entity Address, City or Town | Minerva | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44657 | |
City Area Code | 330 | |
Local Phone Number | 868-7701 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,092,453 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 12,502 | $ 11,254 |
Federal funds sold and interest-bearing deposits in financial institutions | 12,705 | 9,698 |
Total cash and cash equivalents | 25,207 | 20,952 |
Certificates of deposit in other financial institutions | 2,757 | 3,781 |
Securities, available-for-sale | 287,335 | 296,347 |
Securities, held-to-maturity (fair value of $6,939 at March 31, 2023 and $7,831 at June 30, 2022) | 7,338 | 7,874 |
Equity securities, at fair value | 386 | 400 |
Federal bank and other restricted stocks, at cost | 2,255 | 2,525 |
Loans held for sale | 999 | 1,165 |
Total loans | 689,292 | 611,843 |
Less allowance for loan losses | (7,823) | (7,160) |
Net loans | 681,469 | 604,683 |
Cash surrender value of life insurance | 10,155 | 9,959 |
Premises and equipment, net | 17,327 | 16,521 |
Goodwill | 2,452 | 2,452 |
Core deposit intangible, net | 428 | 470 |
Accrued interest receivable and other assets | 11,261 | 10,184 |
Total assets | 1,049,369 | 977,313 |
LIABILITIES | ||
Noninterest-bearing demand | 258,913 | 257,665 |
Interest bearing demand | 159,614 | 157,462 |
Savings | 342,996 | 369,054 |
Time | 192,876 | 102,381 |
Total deposits | 954,399 | 886,562 |
Short-term borrowings | 23,599 | 21,295 |
Federal Home Loan Bank advances | 8,190 | 8,256 |
Accrued interest and other liabilities | 6,888 | 7,230 |
Total liabilities | 993,076 | 923,343 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | 0 | 0 |
Common stock (no par value, 8,500,000 shares authorized; 3,141,092 and 3,132,056 shares issued as of March 31, 2023 and June 30, 2022, respectively) | 20,650 | 20,287 |
Retained earnings | 63,317 | 56,906 |
Treasury stock, at cost (48,639 and 75,382 common shares as of March 31, 2023 and June 30, 2022, respectively) | (809) | (1,117) |
Accumulated other comprehensive loss | (26,865) | (22,106) |
Total shareholders’ equity | 56,293 | 53,970 |
Total liabilities and shareholders’ equity | $ 1,049,369 | $ 977,313 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Held-to-maturity securities, fair value | $ 6,939 | $ 7,831 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 8,500,000 | 8,500,000 |
Common stock, shares issued (in shares) | 3,141,092 | 3,132,056 |
Treasury stock, shares (in shares) | 48,639 | 75,382 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Interest and dividend income | ||||
Loans, including fees | $ 8,477 | $ 6,775 | $ 23,562 | $ 21,340 |
Securities, taxable | 1,343 | 903 | 3,892 | 2,420 |
Securities, tax-exempt | 564 | 516 | 1,747 | 1,502 |
Equity securities | 8 | 8 | 25 | 25 |
Federal bank and other restricted stocks | 34 | 19 | 104 | 59 |
Federal funds sold and other interest-bearing deposits | 95 | 31 | 291 | 124 |
Total interest and dividend income | 10,521 | 8,252 | 29,621 | 25,470 |
Interest expense | ||||
Deposits | 2,084 | 274 | 3,808 | 844 |
Short-term borrowings | 120 | 1 | 274 | 4 |
Federal Home Loan Bank advances | 88 | 62 | 138 | 189 |
Total interest expense | 2,292 | 337 | 4,220 | 1,037 |
Net interest income | 8,229 | 7,915 | 25,401 | 24,433 |
Provision for loan losses | 160 | 85 | 795 | 545 |
Net interest income after provision for loan losses | 8,069 | 7,830 | 24,606 | 23,888 |
Noninterest income | ||||
Mortgage banking activity | 96 | 122 | 250 | 551 |
Bank owned life insurance income | 66 | 63 | 196 | 193 |
Securities gains (losses), net | (2) | 0 | (17) | 2 |
Net change in market value of equity securities | 19 | 0 | (14) | 0 |
Other | 79 | 81 | 265 | 259 |
Total noninterest income | 1,176 | 1,120 | 3,462 | 3,614 |
Noninterest expenses | ||||
Salaries and employee benefits | 3,512 | 3,400 | 10,542 | 9,916 |
Occupancy and equipment | 783 | 792 | 2,364 | 2,228 |
Data processing expenses | 195 | 198 | 579 | 604 |
Debit card processing expenses | 275 | 246 | 824 | 773 |
Professional and director fees | 210 | 162 | 797 | 664 |
FDIC assessments | 159 | 159 | 398 | 429 |
Franchise taxes | 97 | 137 | 379 | 403 |
Marketing and advertising | 151 | 142 | 558 | 520 |
Telephone and network communications | 88 | 90 | 270 | 292 |
Amortization of intangible | 14 | 14 | 42 | 40 |
Other | 560 | 497 | 1,689 | 1,449 |
Total noninterest expenses | 6,044 | 5,837 | 18,442 | 17,318 |
Income before income taxes | 3,201 | 3,113 | 9,626 | 10,184 |
Income tax expense | 565 | 528 | 1,646 | 1,772 |
Net income | $ 2,636 | $ 2,585 | $ 7,980 | $ 8,412 |
Basic and diluted earnings per share (in dollars per share) | $ 0.86 | $ 0.85 | $ 2.60 | $ 2.77 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 386 | $ 362 | $ 1,175 | $ 1,086 |
Debit Card [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 532 | $ 492 | $ 1,607 | $ 1,523 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | ||
Net income | $ 2,636 | $ 2,585 | $ 7,980 | $ 8,412 | |
Other comprehensive income (loss), net of tax: | |||||
Unrealized holding gains on available-for-sale securities arising during the period, before tax | 4,670 | (16,891) | (6,041) | (19,379) | |
Reclassification adjustment for (gains) losses included in income | 2 | [1],[2] | 0 | 17 | (2) |
Net unrealized gains (losses) | 4,672 | (16,891) | (6,024) | (19,381) | |
Income tax effect | (981) | 3,548 | 1,265 | 4,070 | |
Net current period other comprehensive gain, net | 3,691 | (13,343) | (4,759) | (15,311) | |
Total comprehensive income (loss) | $ 6,327 | $ (10,758) | $ 3,221 | $ (6,899) | |
[1]Income tax expense[2]Securities (gains) losses, net |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Treasury Stock, Common [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Jun. 30, 2021 | $ 20,011 | $ 47,663 | $ (1,324) | $ 3,550 | $ 69,900 |
Net income | 8,412 | 8,412 | |||
Other comprehensive income (loss) | (15,311) | (15,311) | |||
Shares issued associated with dividend reinvestment plan and stock purchase plan | 116 | 116 | |||
Cash dividends declared | (1,460) | (1,460) | |||
Shares associated with stock awards | 102 | 207 | 309 | ||
Balance at Mar. 31, 2022 | 20,229 | 54,615 | (1,117) | (11,761) | 61,966 |
Balance at Dec. 31, 2021 | 20,175 | 52,518 | (1,117) | 1,582 | 73,158 |
Net income | 2,585 | 2,585 | |||
Other comprehensive income (loss) | (13,343) | (13,343) | |||
Shares issued associated with dividend reinvestment plan and stock purchase plan | 54 | 0 | 0 | 0 | 54 |
Cash dividends declared | (488) | (488) | |||
Balance at Mar. 31, 2022 | 20,229 | 54,615 | (1,117) | (11,761) | 61,966 |
Balance at Jun. 30, 2022 | 20,287 | 56,906 | (1,117) | (22,106) | 53,970 |
Net income | 7,980 | 7,980 | |||
Other comprehensive income (loss) | 0 | 0 | 0 | (4,759) | (4,759) |
Restricted stock expense | 101 | 0 | 0 | 101 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan | 177 | 177 | |||
Cash dividends declared | (1,569) | (1,569) | |||
Shares associated with stock awards | 85 | 0 | 308 | 0 | 393 |
Balance at Mar. 31, 2023 | 20,650 | 63,317 | (809) | (26,865) | 56,293 |
Balance at Dec. 31, 2022 | 20,557 | 61,205 | (809) | (30,556) | 50,397 |
Net income | 2,636 | 2,636 | |||
Other comprehensive income (loss) | 0 | 0 | 0 | 3,691 | 3,691 |
Restricted stock expense | 34 | 0 | 0 | 34 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan | 59 | 59 | |||
Cash dividends declared | (524) | (524) | |||
Balance at Mar. 31, 2023 | $ 20,650 | $ 63,317 | $ (809) | $ (26,865) | $ 56,293 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan, shares (in shares) | 3,092 | 2,260 | 9,036 | 5,081 |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.17 | $ 0.16 | $ 0.51 | $ 0.48 |
Shares associated with stock awards (in shares) | 26,743 | 20,571 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 10,662 | $ 11,723 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (22,742) | (111,050) |
Maturities, calls and principal pay downs of securities, available-for-sale | 15,368 | 24,473 |
Sale of securities, available-for-sale | 9,685 | 1,000 |
Principal pay downs of securities, held-to-maturity | 536 | 976 |
Net decrease in certificates of deposit in other financial institutions | 1,024 | 1,784 |
Net change in Federal Home Loan Bank stock, at cost | 270 | (53) |
Net increase in loans | (77,592) | (17,327) |
Acquisition, net cash received | 0 | 66,552 |
Premises and equipment purchases | (1,650) | (1,147) |
Disposal of premises and equipment | 0 | 30 |
Sale of Other Real Estate Owned | 0 | 83 |
Sale of other repossessed assets | 11 | 0 |
Net cash from investing activities | (75,090) | (34,679) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 67,837 | 59,247 |
Net change in short-term borrowings | 2,304 | (369) |
Proceeds from Federal Home Loan Bank advances | 16,400 | 0 |
Repayments of Federal Home Loan Bank advances | (16,466) | (1,779) |
Proceeds from dividend reinvestment and stock purchase plan | 177 | 116 |
Dividends paid | (1,569) | (1,460) |
Net cash from financing activities | 68,683 | 55,755 |
Increase in cash or cash equivalents | 4,255 | 32,799 |
Cash and cash equivalents, beginning of period | 20,952 | 18,529 |
Cash and cash equivalents, end of period | 25,207 | 51,328 |
Supplemental disclosure of cash flow information: | ||
Interest | 4,011 | 1,025 |
Federal income taxes | 1,515 | 1,380 |
Non-cash items: | ||
Transfer from loans to repossessed assets | 11 | 83 |
Issuance of treasury stock for vested stock awards | 393 | 309 |
Branch acquisition: | ||
Goodwill | 2,452 | |
Net noncash liabilities assumed | 0 | (66,552) |
CFBank Branches [Member] | ||
Branch acquisition: | ||
Securities, available-for-sale | 0 | 15,602 |
Loans | 0 | 19,943 |
Premises and equipment | 0 | 413 |
Goodwill | 0 | 1,616 |
Core deposit intangible | 0 | 295 |
Accrued interest receivable and other assets | 0 | 216 |
Total noncash assets acquired | 0 | 38,085 |
Deposits | 0 | 104,538 |
Other liabilities | 0 | 99 |
Total liabilities assumed | $ 0 | $ 104,637 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 – Summary of Significant Accounting Policies Nature of Operations: Basis of Presentation 10 not 10 June 30, 2022. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. Segment Information: one Reclassifications: no Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 The Corporation is evaluating how adopting this new guidance will impact the consolidated financial statements and the Corporation’s current systems and processes. Management has analyzed and finalized its pool segmentation, established the peer group that will be used as the source of loss experience data, and has started back testing in preparation for adoption of the new methodology. Management plans to use the Net Present Value of Discounted Cash Flow methodology for all loan pools and expects the implementation of ASU No. 2016 13 10%. not one In March 2022, 2022 02, 326 326 326 2016 13 December 15, 2022. not |
Note 2 - Acquisition
Note 2 - Acquisition | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2 – Acquisition On July 16, 2021, two The following table summarizes the estimated fair values of the assets acquired and liabilities assumed by the Corporation at the date of the branch acquisition. The core deposit intangible will be amortized over ten not Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 The acquired assets and liabilities were measured at estimated fair values. Management made certain estimates and exercised judgement in accounting for the branch acquisition. The fair value of loans was estimated using discounted contractual cash flows. The book balance of the loans at the time of the branch acquisition was $20,325. The fair value disclosed above reflects a credit-related adjustment of $(388) and an adjustment for other factors of $6. Loans evidencing credit deterioration since origination, purchased credit impaired loans, included in loans receivable were immaterial. Acquisition costs of $144 pre-tax, or $118 after-tax, were recorded during the first 2022. |
Note 3 - Securities
Note 3 - Securities | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 – Securities Debt securities The following tables summarize the Corporation’s debt securities as of March 31, 2023 June 30, 2022: Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2023 Obligations of U.S. Treasury $ 8,933 $ — $ (499 ) $ 8,434 Obligations of U.S. government-sponsored entities and agencies 30,600 8 (3,362 ) 27,246 Obligations of state and political subdivisions 99,955 185 (8,082 ) 92,058 U.S. Government-sponsored mortgage-backed securities–residential 106,444 21 (14,244 ) 92,221 U.S. Government-sponsored mortgage-backed securities– commercial 8,608 — (1,652 ) 6,956 U.S. Government-sponsored collateralized mortgage obligations– residential 49,577 51 (4,780 ) 44,848 Other debt securities 17,224 — (1,652 ) 15,572 Total securities available-for-sale $ 321,341 $ 265 $ (34,271 ) $ 287,335 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value March 31, 2023 Obligations of state and political subdivisions $ 7,338 $ — $ (399 ) $ 6,939 Available-for-sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2022 Obligation of U.S Treasury $ 8,909 $ — $ (462 ) $ 8,447 Obligations of U.S. government-sponsored entities and agencies 28,689 — (2,424 ) 26,265 Obligations of state and political subdivisions 105,977 129 (8,749 ) 97,357 U.S. Government-sponsored mortgage-backed securities – residential 113,812 13 (11,642 ) 102,183 U.S. Government-sponsored mortgage-backed securities – commercial 8,623 — (1,322 ) 7,301 U.S. Government-sponsored collateralized mortgage obligations – residential 40,952 1 (2,774 ) 38,179 Other debt securities 17,367 — (752 ) 16,615 Total available-for-sale securities $ 324,329 $ 143 $ (28,125 ) $ 296,347 Held-to-maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2022 Obligations of state and political subdivisions $ 7,874 $ 47 $ (90 ) $ 7,831 Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Proceeds from sales $ 5,977 $ — $ 9,685 $ 1,000 Gross realized gains 35 — 43 2 Gross realized losses 37 — 60 — The income tax benefit related to the net realized loss amounted to $4 for the nine March 31, 2023. three March 31, 2023 nine March 31, 2022. The amortized cost and fair values of debt securities as of March 31, 2023, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 5,247 $ 5,121 Due after one year through five years 29,863 28,596 Due after five years through ten years 52,185 46,942 Due after ten years 69,417 62,651 Total 156,712 143,310 U.S. Government-sponsored mortgage-backed and related securities 164,629 144,025 Total securities available-for-sale $ 321,341 $ 287,335 Held-to-Maturity Due after one year through five years $ 171 $ 170 Due after five years through ten years 3,289 3,210 Due after ten years 3,878 3,559 Total securities held-to-maturity $ 7,338 $ 6,939 Securities with a carrying value of approximately $131,005 and $126,679 were pledged at March 31, 2023 June 30, 2022, The following table summarizes the securities with unrealized losses as of March 31, 2023 June 30, 2022, Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2023 Obligation of U.S. Treasury $ — $ — $ 8,434 $ (499 ) $ 8,434 $ (499 ) Obligations of U.S. government-sponsored entities and agencies 5,624 (346 ) 19,421 (3,016 ) 25,045 (3,362 ) Obligations of state and political subdivisions 31,090 (1,102 ) 46,129 (6,980 ) 77,219 (8,082 ) U.S. Government-sponsored mortgage-backed securities – residential 11,095 (742 ) 78,403 (13,502 ) 89,498 (14,244 ) U.S. Government-sponsored mortgage-backed securities – commercial — — 6,956 (1,652 ) 6,956 (1,652 ) Collateralized mortgage obligations - residential 22,560 (1,250 ) 16,697 (3,530 ) 39,257 (4,780 ) Other debt securities 940 (60 ) 14,632 (1,592 ) 15,572 (1,652 ) Total temporarily impaired $ 71,309 $ (3,500 ) $ 190,672 $ (30,771 ) $ 261,981 $ (34,271 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2023 Obligations of state and political subdivisions $ 3,729 $ (320 ) $ 3,210 $ (79 ) $ 6,939 $ (399 ) Total temporarily impaired $ 3,729 $ (320 ) $ 3,210 $ (79 ) $ 6,939 $ (399 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of U.S. Treasury $ 8,447 $ (462 ) $ — $ — $ 8,447 $ (462 ) Obligations of U.S. government-sponsored entities and agencies 26,265 (2,424 ) — — 26,265 (2,424 ) Obligations of state and political subdivisions 80,445 (8,331 ) 2,047 (418 ) 82,492 (8,749 ) Mortgage-backed securities – residential 76,526 (7,586 ) 24,569 (4,056 ) 101,095 (11,642 ) Mortgage-backed securities – commercial 7,301 (1,322 ) — — 7,301 (1,322 ) Collateralized mortgage obligations - residential 30,729 (2,308 ) 2,713 (466 ) 33,442 (2,774 ) Other debt securities 16,156 (711 ) 459 (41 ) 16,615 (752 ) Total temporarily impaired $ 245,869 $ (23,144 ) $ 29,788 $ (4,981 ) $ 275,657 $ (28,125 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of state and political subdivisions $ 3,522 $ (90 ) — $ — $ 3,522 $ (90 ) Total temporarily impaired $ 3,522 $ (90 ) $ — $ — $ 3,522 $ (90 ) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two 320, Accounting for Certain Investments in Debt and Equity Securities In determining OTTI under the ASC Topic 320 1 2 3 4 not At March 31, 2023, March 31, 2023, not not not not not March 31, 2023, Equity Securities The Corporation owned equity securities with an amortized cost of $400 as of March 31, 2023, June 30, 2022. three nine March 31, 2023 2022. three nine March 31, 2023 2022. Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Unrealized gain (loss) recognized on equity securities held at the end of the period $ 19 $ — $ (14 ) $ — |
Note 4 - Loans
Note 4 - Loans | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Major classifications of loans were as follows: March 31, 2023 June 30, 2022 Commercial $ 99,203 $ 87,008 Commercial real estate: Construction 18,340 15,158 Other 319,955 291,847 1 – 4 Family residential real estate: Owner occupied 153,760 142,244 Non-owner occupied 24,254 26,029 Construction 7,264 4,317 Consumer 66,290 44,964 Subtotal 689,066 611,567 Net deferred loan fees and costs 226 276 Allowance for loan losses (7,823 ) (7,160 ) Net Loans $ 681,469 $ 604,683 The following table presents the activity in the allowance for loan losses by portfolio segment for the three March 31, 2023: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 Provision for loan losses 132 (103 ) 70 61 160 Loans charged-off — — — (56 ) (56 ) Recoveries — — — 44 44 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine March 31, 2023: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Provision for loan losses 178 53 106 458 795 Loans charged-off — — (6 ) (247 ) (253 ) Recoveries — 1 2 118 121 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 The following table presents the activity in the allowance for loan losses by portfolio segment for the three March 31, 2022: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 Provision for loan losses 48 (58 ) (16 ) 111 85 Loans charged-off — — (1 ) (30 ) (31 ) Recoveries 2 — — 9 11 Total ending allowance balance $ 1,026 $ 3,991 $ 1,473 $ 507 $ 6,997 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine March 31, 2022: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 99 40 191 215 545 Loans charged-off — — (41 ) (77 ) (118 ) Recoveries 23 2 16 58 99 Total ending allowance balance $ 1,026 $ 3,991 $ 1,473 $ 507 $ 6,997 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2023. 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 42 75 — 117 Originated loans collectively evaluated for impairment 1,138 3,939 1,672 957 7,706 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 Recorded investment in loans: Loans individually evaluated for impairment $ 315 $ 38 $ 45 $ — $ 398 Acquired loans collectively evaluated for impairment 650 7,443 23,778 1,605 33,476 Originated loans collectively evaluated for impairment 98,501 330,864 162,953 64,661 656,979 Total ending loans balance $ 99,466 $ 338,345 $ 186,776 $ 66,266 $ 690,853 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2022. 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment 1 62 85 — 148 Originated loans collectively evaluated for impairment 959 3,865 1,560 628 7,012 Total ending allowance balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Recorded investment in loans: Loans individually evaluated for impairment $ 276 $ 42 $ 155 $ — $ 473 Acquired loans collectively evaluated for impairment 665 10,095 27,731 3,051 41,542 Originated loans collectively evaluated for impairment 86,310 296,776 146,058 41,898 571,042 Total ending loans balance $ 87,251 $ 306,913 $ 173,944 $ 44,949 $ 613,057 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of March 31, 2023 nine March 31, 2023: As of March 31, 2023 Nine Months ended March 31, 2023 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 407 $ 315 $ — $ 303 $ 27 $ 27 Commercial real estate: Other 78 38 — 40 5 5 1-4 Family residential real estate: Owner occupied 44 18 — 20 2 2 Non-owner occupied 27 27 — 42 — — Total $ 556 $ 398 $ — $ 405 $ 34 $ 34 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three March 31, 2023: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 315 $ 9 $ 9 Commercial real estate: Other 39 1 1 1-4 Family residential real estate: Owner occupied 18 — — Non-owner occupied 27 — — Total $ 399 $ 10 $ 10 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of June 30, 2022 nine March 31, 2022: As of June 30, 2022 Nine Months ended March 31, 2022 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 414 $ 276 $ — $ 294 $ — $ — Commercial real estate: Other 83 42 — 620 104 104 1-4 Family residential real estate: Owner occupied 48 22 — 242 4 4 Non-owner occupied 193 133 — 114 75 75 With an allowance recorded: Commercial — — — 126 6 6 Total $ 738 $ 473 $ — $ 1,396 $ 189 $ 189 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three March 31, 2022: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 289 $ — $ — Commercial real estate: Other 255 2 2 1-4 Family residential real estate: Owner occupied 91 1 1 Non-owner occupied 13 — — With an allowance recorded: Commercial 120 2 2 Total $ 768 $ 5 $ 5 The following table presents the recorded investment in non-accrual and loans past due over 90 March 31, 2023 June 30, 2022: March 31, 2023 June 30, 2022 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 276 $ 9 Commercial Real Estate: Other — 53 — — 1 – 4 Family residential: Owner occupied 18 — 22 — Non-owner occupied 27 — 133 — Consumer — 100 — — Total $ 45 $ 153 $ 431 $ 9 Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of March 31, 2023 Days Past Due 30 –59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 99,466 $ 99,466 Commercial real estate: Construction — — — — 18,361 18,361 Other — — 53 53 319,931 319,984 1-4 Family residential: Owner occupied 522 127 — 649 154,527 155,176 Non-owner occupied 3 — 27 30 24,235 24,265 Construction — — — — 7,335 7,335 Consumer 352 99 100 551 65,715 66,266 Total $ 877 $ 226 $ 180 $ 1,283 $ 689,570 $ 690,853 The above table of past due loans includes the recorded investment in non-accrual loans of $27 in the 90 not The following table presents the aging of the recorded investment in past due loans as of June 30, 2022 Days Past Due 30 – 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 9 $ 9 $ 87,242 $ 87,251 Commercial real estate: Construction — — — — 15,138 15,138 Other 52 — — 52 291,723 291,775 1-4 Family residential: Owner occupied 125 — — 125 143,381 143,506 Non-owner occupied — — 27 27 26,036 26,063 Construction — — — — 4,375 4,375 Consumer 381 79 — 460 44,489 44,949 Total $ 558 $ 79 $ 36 $ 673 $ 612,384 $ 613,057 The above table of past due loans includes the recorded investment in non-accrual loans of $27 in the 90 not Troubled Debt Restructurings: The Corporation has certain loans that have been modified in order to maximize collection of loan balances that are classified as TDRs. A modified loan is usually classified as a TDR if, for economic reasons, management grants a concession to the original terms and conditions of the loan to a borrower who is experiencing financial difficulties that it would not As of March 31, 2023 June 30, 2022, March 31, 2023 June 30, 2022, not March 31, 2023 June 30, 2022 no During the three nine March 31, 2023 2022, three nine March 31, 2023 2022. There were no loans classified as troubled debt restructurings for which there was a payment default within 12 three nine March 31, 2023 2022. 90 Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $100 and non-homogeneous loans, such as commercial and commercial real estate loans. Management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt and affirms the risk ratings for the loans and leases in their respective portfolio on an annual basis. The Corporation uses the following definitions for risk ratings: Special Mention. may Substandard. not Doubtful. Loans not not $100 1 4 not As of March 31, 2023 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 97,687 $ 1,059 $ 556 $ — $ 164 Commercial real estate: Construction 18,361 — — — — Other 311,540 3,452 4,352 — 640 1-4 Family residential real estate: Owner occupied 2,272 — 18 18 152,868 Non-owner occupied 23,818 53 109 27 258 Construction 2,860 — — — 4,475 Consumer 1,646 — — — 64,620 Total $ 458,184 $ 4,564 $ 5,035 $ 45 $ 223,025 As of June 30, 2022, As of June 30, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 86,265 $ 350 $ 178 $ 276 $ 182 Commercial real estate: Construction 15,138 — — — — Other 283,877 2,500 4,711 — 687 1-4 Family residential real estate: Owner occupied 1,321 — — 22 142,163 Non-owner occupied 25,606 59 — 133 265 Construction 1,234 — — — 3,141 Consumer 605 — — — 44,344 Total $ 414,046 $ 2,909 $ 4,889 $ 431 $ 190,782 |
Note 5 - Fair Value
Note 5 - Fair Value | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 5 Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1: Level 2: 1 not Level 3: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities available-for-sale: 1 not 2 not 3 Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Balance at March 31, Fair Value Measurements at March 31, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,434 $ — $ 8,434 $ — Obligations of U.S. government-sponsored entities and agencies 27,246 — 27,246 — Obligations of state and political subdivisions 92,058 — 92,058 — U.S. Government-sponsored mortgage-backed securities – residential 92,221 — 92,221 — U.S. Government-sponsored mortgage-backed securities – commercial 6,956 — 6,956 — U.S. Government-sponsored collateralized mortgage obligations - residential 44,848 — 44,848 — Other debt securities 15,572 — 15,572 — Equity securities 386 — 386 — Balance at June 30, Fair Value Measurements at June 30, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,447 $ — $ 8,447 $ — Obligations of U.S. government-sponsored entities and agencies 26,265 — 26,265 — Obligations of state and political subdivisions 97,357 — 97,357 — U.S. government-sponsored mortgage-backed securities - residential 102,183 — 102,183 — U.S. government-sponsored mortgage-backed securities - commercial 7,301 — 7,301 — U.S. government-sponsored collateralized mortgage obligations - residential 38,179 — 38,179 — Other debt securities 16,615 — 16,615 — Equity securities 400 — 400 — There were no 1 2 three nine March 31, 2023. Certain assets and liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: may 3 March 31, 2023 June 30, 2022 three nine March 31, 2023 2022. Other Real Estate and Repossessed Assets Owned: March 31, 2023 June 30, 2022. The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2023 June 30, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 25,207 $ 25,207 $ 20,952 $ 20,952 Level 2 inputs: Certificates of deposit in other financial institutions 2,757 2,660 3,781 3,847 Loans held for sale 999 1,015 1,165 1,188 Accrued interest receivable 3,020 3,020 2,703 2,703 Level 3 inputs: Securities held-to-maturity 7,338 6,939 7,874 7,831 Loans, net 681,469 627,732 604,683 577,708 Financial Liabilities: Level 2 inputs: Demand and savings deposits 761,523 761,523 784,181 784,181 Time deposits 192,876 189,745 102,381 102,622 Short-term borrowings 23,599 23,599 21,295 21,295 Federal Home Loan Bank advances 8,190 7,156 8,256 7,215 Accrued interest payable 258 258 49 49 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 6 – Earnings Per Share Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may three nine March 31, 2023. three March 31, 2022 nine March 31, 2022. For the Three Months Ended March 31, For the Nine Months Ended March 31, 2023 2022 2023 2022 Basic: Net income available to common shareholders $ 2,636 $ 2,585 $ 7,980 $ 8,412 Weighted average common shares outstanding 3,078,595 3,039,049 3,072,336 3,036,473 Basic income per share $ 0.86 $ 0.85 $ 2.60 $ 2.77 Diluted: Net income available to common shareholders $ 2,636 $ 2,585 $ 7,980 $ 8,412 Weighted average common shares outstanding 3,078,595 3,039,049 3,072,336 3,036,473 Dilutive effect of restricted stock 1,218 503 — 275 Total common shares and dilutive potential common shares 3,079,813 3,039,552 3,072,336 3,036,748 Dilutive income per share $ 0.86 $ 0.85 $ 2.60 $ 2.77 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 7 – Accumulated Other Comprehensive Income (Loss) The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the three March 31, 2023 2022, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Unrealized holding gains on available-for-sale securities arising during the period 4,670 (981 ) 3,689 Amounts reclassified from accumulated other comprehensive income 2 — 2 (a)(b) Net current period other comprehensive gain 4,672 (981 ) 3,691 Balance as of March 31, 2023 $ (34,006 ) $ 7,141 $ (26,865 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 Net current period other comprehensive loss (16,891 ) 3,548 (13,343 ) (a)(b) Balance as of March 31, 2022 $ (14,888 ) $ 3,127 $ (11,761 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2022 $ (27,982 ) $ 5,876 $ (22,106 ) Unrealized holding losses on available-for-sale securities arising during the period (6,041 ) 1,269 (4,772 ) Amounts reclassified from accumulated other comprehensive income 17 (4 ) 13 (a)(b) Net current period other comprehensive loss (6,024 ) 1,265 (4,759 ) Balance as of March 31, 2023 $ (34,006 ) $ 7,141 $ (26,865 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on available-for-sale securities arising during the period (19,379 ) 4,070 (15,309 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (19,381 ) 4,070 (15,311 ) Balance as of March 31, 2022 $ (14,888 ) $ 3,127 $ (11,761 ) (a) Securities (gains) losses, net (b) Income tax expense |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Nature of Operations [Policy Text Block] | Nature of Operations: |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation 10 not 10 June 30, 2022. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Segment Information: one |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications: no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 The Corporation is evaluating how adopting this new guidance will impact the consolidated financial statements and the Corporation’s current systems and processes. Management has analyzed and finalized its pool segmentation, established the peer group that will be used as the source of loss experience data, and has started back testing in preparation for adoption of the new methodology. Management plans to use the Net Present Value of Discounted Cash Flow methodology for all loan pools and expects the implementation of ASU No. 2016 13 10%. not one In March 2022, 2022 02, 326 326 326 2016 13 December 15, 2022. not |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2023 Obligations of U.S. Treasury $ 8,933 $ — $ (499 ) $ 8,434 Obligations of U.S. government-sponsored entities and agencies 30,600 8 (3,362 ) 27,246 Obligations of state and political subdivisions 99,955 185 (8,082 ) 92,058 U.S. Government-sponsored mortgage-backed securities–residential 106,444 21 (14,244 ) 92,221 U.S. Government-sponsored mortgage-backed securities– commercial 8,608 — (1,652 ) 6,956 U.S. Government-sponsored collateralized mortgage obligations– residential 49,577 51 (4,780 ) 44,848 Other debt securities 17,224 — (1,652 ) 15,572 Total securities available-for-sale $ 321,341 $ 265 $ (34,271 ) $ 287,335 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value March 31, 2023 Obligations of state and political subdivisions $ 7,338 $ — $ (399 ) $ 6,939 Available-for-sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2022 Obligation of U.S Treasury $ 8,909 $ — $ (462 ) $ 8,447 Obligations of U.S. government-sponsored entities and agencies 28,689 — (2,424 ) 26,265 Obligations of state and political subdivisions 105,977 129 (8,749 ) 97,357 U.S. Government-sponsored mortgage-backed securities – residential 113,812 13 (11,642 ) 102,183 U.S. Government-sponsored mortgage-backed securities – commercial 8,623 — (1,322 ) 7,301 U.S. Government-sponsored collateralized mortgage obligations – residential 40,952 1 (2,774 ) 38,179 Other debt securities 17,367 — (752 ) 16,615 Total available-for-sale securities $ 324,329 $ 143 $ (28,125 ) $ 296,347 Held-to-maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2022 Obligations of state and political subdivisions $ 7,874 $ 47 $ (90 ) $ 7,831 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Proceeds from sales $ 5,977 $ — $ 9,685 $ 1,000 Gross realized gains 35 — 43 2 Gross realized losses 37 — 60 — |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 5,247 $ 5,121 Due after one year through five years 29,863 28,596 Due after five years through ten years 52,185 46,942 Due after ten years 69,417 62,651 Total 156,712 143,310 U.S. Government-sponsored mortgage-backed and related securities 164,629 144,025 Total securities available-for-sale $ 321,341 $ 287,335 Held-to-Maturity Due after one year through five years $ 171 $ 170 Due after five years through ten years 3,289 3,210 Due after ten years 3,878 3,559 Total securities held-to-maturity $ 7,338 $ 6,939 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2023 Obligation of U.S. Treasury $ — $ — $ 8,434 $ (499 ) $ 8,434 $ (499 ) Obligations of U.S. government-sponsored entities and agencies 5,624 (346 ) 19,421 (3,016 ) 25,045 (3,362 ) Obligations of state and political subdivisions 31,090 (1,102 ) 46,129 (6,980 ) 77,219 (8,082 ) U.S. Government-sponsored mortgage-backed securities – residential 11,095 (742 ) 78,403 (13,502 ) 89,498 (14,244 ) U.S. Government-sponsored mortgage-backed securities – commercial — — 6,956 (1,652 ) 6,956 (1,652 ) Collateralized mortgage obligations - residential 22,560 (1,250 ) 16,697 (3,530 ) 39,257 (4,780 ) Other debt securities 940 (60 ) 14,632 (1,592 ) 15,572 (1,652 ) Total temporarily impaired $ 71,309 $ (3,500 ) $ 190,672 $ (30,771 ) $ 261,981 $ (34,271 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2023 Obligations of state and political subdivisions $ 3,729 $ (320 ) $ 3,210 $ (79 ) $ 6,939 $ (399 ) Total temporarily impaired $ 3,729 $ (320 ) $ 3,210 $ (79 ) $ 6,939 $ (399 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of U.S. Treasury $ 8,447 $ (462 ) $ — $ — $ 8,447 $ (462 ) Obligations of U.S. government-sponsored entities and agencies 26,265 (2,424 ) — — 26,265 (2,424 ) Obligations of state and political subdivisions 80,445 (8,331 ) 2,047 (418 ) 82,492 (8,749 ) Mortgage-backed securities – residential 76,526 (7,586 ) 24,569 (4,056 ) 101,095 (11,642 ) Mortgage-backed securities – commercial 7,301 (1,322 ) — — 7,301 (1,322 ) Collateralized mortgage obligations - residential 30,729 (2,308 ) 2,713 (466 ) 33,442 (2,774 ) Other debt securities 16,156 (711 ) 459 (41 ) 16,615 (752 ) Total temporarily impaired $ 245,869 $ (23,144 ) $ 29,788 $ (4,981 ) $ 275,657 $ (28,125 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of state and political subdivisions $ 3,522 $ (90 ) — $ — $ 3,522 $ (90 ) Total temporarily impaired $ 3,522 $ (90 ) $ — $ — $ 3,522 $ (90 ) |
Unrealized Gain (Loss) on Investments [Table Text Block] | Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Unrealized gain (loss) recognized on equity securities held at the end of the period $ 19 $ — $ (14 ) $ — |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2023 June 30, 2022 Commercial $ 99,203 $ 87,008 Commercial real estate: Construction 18,340 15,158 Other 319,955 291,847 1 – 4 Family residential real estate: Owner occupied 153,760 142,244 Non-owner occupied 24,254 26,029 Construction 7,264 4,317 Consumer 66,290 44,964 Subtotal 689,066 611,567 Net deferred loan fees and costs 226 276 Allowance for loan losses (7,823 ) (7,160 ) Net Loans $ 681,469 $ 604,683 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 Provision for loan losses 132 (103 ) 70 61 160 Loans charged-off — — — (56 ) (56 ) Recoveries — — — 44 44 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Provision for loan losses 178 53 106 458 795 Loans charged-off — — (6 ) (247 ) (253 ) Recoveries — 1 2 118 121 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 Provision for loan losses 48 (58 ) (16 ) 111 85 Loans charged-off — — (1 ) (30 ) (31 ) Recoveries 2 — — 9 11 Total ending allowance balance $ 1,026 $ 3,991 $ 1,473 $ 507 $ 6,997 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 99 40 191 215 545 Loans charged-off — — (41 ) (77 ) (118 ) Recoveries 23 2 16 58 99 Total ending allowance balance $ 1,026 $ 3,991 $ 1,473 $ 507 $ 6,997 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 42 75 — 117 Originated loans collectively evaluated for impairment 1,138 3,939 1,672 957 7,706 Total ending allowance balance $ 1,138 $ 3,981 $ 1,747 $ 957 $ 7,823 Recorded investment in loans: Loans individually evaluated for impairment $ 315 $ 38 $ 45 $ — $ 398 Acquired loans collectively evaluated for impairment 650 7,443 23,778 1,605 33,476 Originated loans collectively evaluated for impairment 98,501 330,864 162,953 64,661 656,979 Total ending loans balance $ 99,466 $ 338,345 $ 186,776 $ 66,266 $ 690,853 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment 1 62 85 — 148 Originated loans collectively evaluated for impairment 959 3,865 1,560 628 7,012 Total ending allowance balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Recorded investment in loans: Loans individually evaluated for impairment $ 276 $ 42 $ 155 $ — $ 473 Acquired loans collectively evaluated for impairment 665 10,095 27,731 3,051 41,542 Originated loans collectively evaluated for impairment 86,310 296,776 146,058 41,898 571,042 Total ending loans balance $ 87,251 $ 306,913 $ 173,944 $ 44,949 $ 613,057 |
Impaired Financing Receivables [Table Text Block] | As of March 31, 2023 Nine Months ended March 31, 2023 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 407 $ 315 $ — $ 303 $ 27 $ 27 Commercial real estate: Other 78 38 — 40 5 5 1-4 Family residential real estate: Owner occupied 44 18 — 20 2 2 Non-owner occupied 27 27 — 42 — — Total $ 556 $ 398 $ — $ 405 $ 34 $ 34 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 315 $ 9 $ 9 Commercial real estate: Other 39 1 1 1-4 Family residential real estate: Owner occupied 18 — — Non-owner occupied 27 — — Total $ 399 $ 10 $ 10 As of June 30, 2022 Nine Months ended March 31, 2022 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 414 $ 276 $ — $ 294 $ — $ — Commercial real estate: Other 83 42 — 620 104 104 1-4 Family residential real estate: Owner occupied 48 22 — 242 4 4 Non-owner occupied 193 133 — 114 75 75 With an allowance recorded: Commercial — — — 126 6 6 Total $ 738 $ 473 $ — $ 1,396 $ 189 $ 189 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 289 $ — $ — Commercial real estate: Other 255 2 2 1-4 Family residential real estate: Owner occupied 91 1 1 Non-owner occupied 13 — — With an allowance recorded: Commercial 120 2 2 Total $ 768 $ 5 $ 5 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2023 June 30, 2022 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 276 $ 9 Commercial Real Estate: Other — 53 — — 1 – 4 Family residential: Owner occupied 18 — 22 — Non-owner occupied 27 — 133 — Consumer — 100 — — Total $ 45 $ 153 $ 431 $ 9 Days Past Due 30 –59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 99,466 $ 99,466 Commercial real estate: Construction — — — — 18,361 18,361 Other — — 53 53 319,931 319,984 1-4 Family residential: Owner occupied 522 127 — 649 154,527 155,176 Non-owner occupied 3 — 27 30 24,235 24,265 Construction — — — — 7,335 7,335 Consumer 352 99 100 551 65,715 66,266 Total $ 877 $ 226 $ 180 $ 1,283 $ 689,570 $ 690,853 Days Past Due 30 – 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 9 $ 9 $ 87,242 $ 87,251 Commercial real estate: Construction — — — — 15,138 15,138 Other 52 — — 52 291,723 291,775 1-4 Family residential: Owner occupied 125 — — 125 143,381 143,506 Non-owner occupied — — 27 27 26,036 26,063 Construction — — — — 4,375 4,375 Consumer 381 79 — 460 44,489 44,949 Total $ 558 $ 79 $ 36 $ 673 $ 612,384 $ 613,057 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of March 31, 2023 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 97,687 $ 1,059 $ 556 $ — $ 164 Commercial real estate: Construction 18,361 — — — — Other 311,540 3,452 4,352 — 640 1-4 Family residential real estate: Owner occupied 2,272 — 18 18 152,868 Non-owner occupied 23,818 53 109 27 258 Construction 2,860 — — — 4,475 Consumer 1,646 — — — 64,620 Total $ 458,184 $ 4,564 $ 5,035 $ 45 $ 223,025 As of June 30, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 86,265 $ 350 $ 178 $ 276 $ 182 Commercial real estate: Construction 15,138 — — — — Other 283,877 2,500 4,711 — 687 1-4 Family residential real estate: Owner occupied 1,321 — — 22 142,163 Non-owner occupied 25,606 59 — 133 265 Construction 1,234 — — — 3,141 Consumer 605 — — — 44,344 Total $ 414,046 $ 2,909 $ 4,889 $ 431 $ 190,782 |
Note 5 - Fair Value (Tables)
Note 5 - Fair Value (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at March 31, Fair Value Measurements at March 31, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,434 $ — $ 8,434 $ — Obligations of U.S. government-sponsored entities and agencies 27,246 — 27,246 — Obligations of state and political subdivisions 92,058 — 92,058 — U.S. Government-sponsored mortgage-backed securities – residential 92,221 — 92,221 — U.S. Government-sponsored mortgage-backed securities – commercial 6,956 — 6,956 — U.S. Government-sponsored collateralized mortgage obligations - residential 44,848 — 44,848 — Other debt securities 15,572 — 15,572 — Equity securities 386 — 386 — Balance at June 30, Fair Value Measurements at June 30, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,447 $ — $ 8,447 $ — Obligations of U.S. government-sponsored entities and agencies 26,265 — 26,265 — Obligations of state and political subdivisions 97,357 — 97,357 — U.S. government-sponsored mortgage-backed securities - residential 102,183 — 102,183 — U.S. government-sponsored mortgage-backed securities - commercial 7,301 — 7,301 — U.S. government-sponsored collateralized mortgage obligations - residential 38,179 — 38,179 — Other debt securities 16,615 — 16,615 — Equity securities 400 — 400 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2023 June 30, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 25,207 $ 25,207 $ 20,952 $ 20,952 Level 2 inputs: Certificates of deposit in other financial institutions 2,757 2,660 3,781 3,847 Loans held for sale 999 1,015 1,165 1,188 Accrued interest receivable 3,020 3,020 2,703 2,703 Level 3 inputs: Securities held-to-maturity 7,338 6,939 7,874 7,831 Loans, net 681,469 627,732 604,683 577,708 Financial Liabilities: Level 2 inputs: Demand and savings deposits 761,523 761,523 784,181 784,181 Time deposits 192,876 189,745 102,381 102,622 Short-term borrowings 23,599 23,599 21,295 21,295 Federal Home Loan Bank advances 8,190 7,156 8,256 7,215 Accrued interest payable 258 258 49 49 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended March 31, For the Nine Months Ended March 31, 2023 2022 2023 2022 Basic: Net income available to common shareholders $ 2,636 $ 2,585 $ 7,980 $ 8,412 Weighted average common shares outstanding 3,078,595 3,039,049 3,072,336 3,036,473 Basic income per share $ 0.86 $ 0.85 $ 2.60 $ 2.77 Diluted: Net income available to common shareholders $ 2,636 $ 2,585 $ 7,980 $ 8,412 Weighted average common shares outstanding 3,078,595 3,039,049 3,072,336 3,036,473 Dilutive effect of restricted stock 1,218 503 — 275 Total common shares and dilutive potential common shares 3,079,813 3,039,552 3,072,336 3,036,748 Dilutive income per share $ 0.86 $ 0.85 $ 2.60 $ 2.77 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Unrealized holding gains on available-for-sale securities arising during the period 4,670 (981 ) 3,689 Amounts reclassified from accumulated other comprehensive income 2 — 2 (a)(b) Net current period other comprehensive gain 4,672 (981 ) 3,691 Balance as of March 31, 2023 $ (34,006 ) $ 7,141 $ (26,865 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 Net current period other comprehensive loss (16,891 ) 3,548 (13,343 ) (a)(b) Balance as of March 31, 2022 $ (14,888 ) $ 3,127 $ (11,761 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2022 $ (27,982 ) $ 5,876 $ (22,106 ) Unrealized holding losses on available-for-sale securities arising during the period (6,041 ) 1,269 (4,772 ) Amounts reclassified from accumulated other comprehensive income 17 (4 ) 13 (a)(b) Net current period other comprehensive loss (6,024 ) 1,265 (4,759 ) Balance as of March 31, 2023 $ (34,006 ) $ 7,141 $ (26,865 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on available-for-sale securities arising during the period (19,379 ) 4,070 (15,309 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (19,381 ) 4,070 (15,311 ) Balance as of March 31, 2022 $ (14,888 ) $ 3,127 $ (11,761 ) |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - Unfunded Loan Commitment [Member] | Mar. 31, 2023 |
Minimum [Member] | |
Financing Receivable, Allowance for Credit Loss to Outstanding, Percent | 0.25% |
Maximum [Member] | |
Financing Receivable, Allowance for Credit Loss to Outstanding, Percent | 0.50% |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - Two Branches from CFBank [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Jul. 16, 2021 | Sep. 30, 2021 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 104,538 | |
Business Combination, Consideration Transferred, Deposit Premium, Percent | 1.75% | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | $ 15,602 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | 19,943 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Book Value | 20,325 | |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Credit Related Adjustment | (388) | |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Loan Factors | $ 6 | |
Business Combination, Acquisition Related Costs | $ 144 | |
Business Combination, Acquisition Related Costs, Net of Tax | $ 118 | |
Core Deposits [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years |
Note 2 - Acquisition - Assets A
Note 2 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jul. 16, 2021 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 |
Goodwill | $ 2,452 | $ 2,452 | ||
CFBank Branches [Member] | ||||
Cash and cash equivalents | $ 515 | |||
Securities, available-for-sale | 15,602 | 0 | $ 15,602 | |
Loans | 19,943 | |||
Premises and equipment | 413 | 0 | 413 | |
Core deposit intangible | 295 | |||
Accrued interest receivable | 216 | |||
Total assets acquired | 36,984 | 0 | 38,085 | |
Noninterest-bearing deposits | 10,535 | |||
Interest-bearing deposits | 94,003 | |||
Other liabilities | 99 | |||
Total liabilities assumed | 104,637 | 0 | 104,637 | |
Fair value of net liabilities assumed | (67,653) | |||
Cash received | 66,037 | |||
Goodwill | $ 1,616 | $ 0 | $ 1,616 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ 0 | [1],[2] | $ 4,000 | $ 0 | ||
Debt Securities, Available-for-Sale, Restricted | $ 131,005 | $ 131,005 | $ 126,679,000 | |||
Available-for-sale, Qualitative Disclosure, Number of Positions | 381 | 381 | ||||
Held-to-maturity, Qualitative Disclosure, Number of Positions | 4 | 4 | ||||
Equity Securities, FV-NI, Cost | $ 400,000 | $ 400,000 | $ 400,000 | |||
Equity Securities, FV-NI, Realized Gain (Loss), Total | $ 0 | $ 0 | $ 0 | 0 | ||
US States and Political Subdivisions Debt Securities [Member] | Rated [Member] | ||||||
Percent of Available for Sale Debt Securities Portfolio | 98.70% | 98.70% | ||||
US States and Political Subdivisions Debt Securities [Member] | Non-rated [Member] | ||||||
Percent of Available for Sale Debt Securities Portfolio | 1.30% | 1.30% | ||||
Maximum [Member] | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ (1,000) | $ 1,000 | ||||
[1]Income tax expense[2]Securities (gains) losses, net |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Available-for-sale securities, amortized cost | $ 321,341 | $ 324,329 |
Available-for-sale securities, gross unrealized gains | 265 | 143 |
Available-for-sale securities, gross unrealized losses | (34,271) | (28,125) |
Available-for-sale securities, fair value | 287,335 | 296,347 |
Held-to-maturity, amortized cost | 7,338 | 7,874 |
Held-to-maturity, fair value | 6,939 | 7,831 |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,933 | 8,909 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (499) | (462) |
Available-for-sale securities, fair value | 8,434 | 8,447 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 99,955 | 105,977 |
Available-for-sale securities, gross unrealized gains | 185 | 129 |
Available-for-sale securities, gross unrealized losses | (8,082) | (8,749) |
Available-for-sale securities, fair value | 92,058 | 97,357 |
Held-to-maturity, amortized cost | 7,338 | 7,874 |
Held-to-maturity, gross unrecognized gains | 0 | 47 |
Held-to-maturity, gross unrecognized losses | (399) | (90) |
Held-to-maturity, fair value | 6,939 | 7,831 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 30,600 | 28,689 |
Available-for-sale securities, gross unrealized gains | 8 | 0 |
Available-for-sale securities, gross unrealized losses | (3,362) | (2,424) |
Available-for-sale securities, fair value | 27,246 | 26,265 |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 106,444 | 113,812 |
Available-for-sale securities, gross unrealized gains | 21 | 13 |
Available-for-sale securities, gross unrealized losses | (14,244) | (11,642) |
Available-for-sale securities, fair value | 92,221 | 102,183 |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,608 | 8,623 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,652) | (1,322) |
Available-for-sale securities, fair value | 6,956 | 7,301 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 49,577 | 40,952 |
Available-for-sale securities, gross unrealized gains | 51 | 1 |
Available-for-sale securities, gross unrealized losses | (4,780) | (2,774) |
Available-for-sale securities, fair value | 44,848 | 38,179 |
Other Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 17,224 | 17,367 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,652) | (752) |
Available-for-sale securities, fair value | $ 15,572 | $ 16,615 |
Note 3 - Securities - Proceeds
Note 3 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Proceeds from sales | $ 5,977 | $ 0 | $ 9,685 | $ 1,000 |
Gross realized gains | 35 | 0 | 43 | 2 |
Gross realized losses | $ 37 | $ 0 | $ 60 | $ 0 |
Note 3 - Securities - Amortiz_2
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 5,247 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 5,121 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 29,863 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 28,596 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 52,185 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 46,942 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 69,417 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 62,651 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 156,712 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 143,310 | |
Total securities available-for-sale | 321,341 | $ 324,329 |
Total securities available-for-sale | 287,335 | 296,347 |
Due after one year through five years, Net Carrying Amount | 171 | |
Due after one year through five years, Fair Value | 170 | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 3,289 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 3,210 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,878 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,559 | |
Held-to-maturity Securities | 7,338 | 7,874 |
Held-to-maturity Securities, Fair Value | 6,939 | $ 7,831 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 164,629 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 144,025 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 71,309 | $ 245,869 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (3,500) | (23,144) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 190,672 | 29,788 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (30,771) | (4,981) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 261,981 | 275,657 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (34,271) | (28,125) |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,729 | 3,522 |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (320) | (90) |
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,210 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Aggregate Loss | (79) | 0 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value | 6,939 | 3,522 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss | (399) | (90) |
US Treasury Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 8,447 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | (462) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8,434 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (499) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 8,434 | 8,447 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (499) | (462) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 31,090 | 80,445 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,102) | (8,331) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 46,129 | 2,047 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (6,980) | (418) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 77,219 | 82,492 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (8,082) | (8,749) |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,729 | 3,522 |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (320) | (90) |
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,210 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Aggregate Loss | (79) | 0 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value | 6,939 | 3,522 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss | (399) | (90) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 5,624 | 26,265 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (346) | (2,424) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 19,421 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,016) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 25,045 | 26,265 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (3,362) | (2,424) |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 11,095 | 76,526 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (742) | (7,586) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 78,403 | 24,569 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (13,502) | (4,056) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 89,498 | 101,095 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (14,244) | (11,642) |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 7,301 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | (1,322) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 6,956 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1,652) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,956 | 7,301 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,652) | (1,322) |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 22,560 | 30,729 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,250) | (2,308) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 16,697 | 2,713 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,530) | (466) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 39,257 | 33,442 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (4,780) | (2,774) |
Other Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 940 | 16,156 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (60) | (711) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 14,632 | 459 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1,592) | (41) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 15,572 | 16,615 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (1,652) | $ (752) |
Note 3 - Securities - Unrealize
Note 3 - Securities - Unrealized Gains and Losses on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Unrealized gain (loss) recognized on equity securities held at the end of the period | $ 19 | $ 0 | $ (14) | $ 0 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) Pure in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | |
Interest Receivable | $ 1,561 | $ 1,561 | $ 1,214 | |||
Financing Receivable, Nonaccrual | 45 | $ 45 | 431 | |||
Financing Receivable, Troubled Debt Restructuring | $ 354 | 318 | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | |||||
Financing Receivable, Modified, Increase (Decrease) from Modification | $ 0 | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ||
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | $ 100 | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
Financing Receivable, Nonaccrual | $ 27 | 27 | 27 | |||
Financial Asset, Not Past Due [Member] | ||||||
Financing Receivable, Nonaccrual | $ 18 | $ 18 | $ 404 |
Note 4 - Loans - Major Classifi
Note 4 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 |
Gross loans | $ 689,066 | $ 611,567 | ||||
Gross loans | 689,066 | 611,567 | ||||
Net deferred loan fees and costs | 226 | 276 | ||||
Allowance for loan losses | (7,823) | $ (7,675) | (7,160) | $ (6,997) | $ (6,932) | $ (6,471) |
Net loans | 681,469 | 604,683 | ||||
Commercial Portfolio Segment [Member] | ||||||
Gross loans | 99,203 | 87,008 | ||||
Gross loans | 99,203 | 87,008 | ||||
Allowance for loan losses | (1,138) | (1,006) | (960) | (1,026) | (976) | (904) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Allowance for loan losses | (3,981) | (4,084) | (3,927) | (3,991) | (4,049) | (3,949) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Gross loans | 18,340 | 15,158 | ||||
Gross loans | 18,340 | 15,158 | ||||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Gross loans | 319,955 | 291,847 | ||||
Gross loans | 319,955 | 291,847 | ||||
Residential Portfolio Segment [Member] | ||||||
Allowance for loan losses | (1,747) | (1,677) | (1,645) | (1,473) | (1,490) | (1,307) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Gross loans | 7,264 | 4,317 | ||||
Gross loans | 7,264 | 4,317 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||||
Gross loans | 153,760 | 142,244 | ||||
Gross loans | 153,760 | 142,244 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||||
Gross loans | 24,254 | 26,029 | ||||
Gross loans | 24,254 | 26,029 | ||||
Consumer Portfolio Segment [Member] | ||||||
Gross loans | 66,290 | 44,964 | ||||
Gross loans | 66,290 | 44,964 | ||||
Allowance for loan losses | $ (957) | $ (908) | $ (628) | $ (507) | $ (417) | $ (311) |
Note 4 - Loans - Allowance for
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Balance | $ 7,675 | $ 6,932 | $ 7,160 | $ 6,471 | |
Provision for loan losses | 160 | 85 | 795 | 545 | |
Loans charged-off | (56) | (31) | (253) | (118) | |
Recoveries | 44 | 11 | 121 | 99 | |
Balance | 7,823 | 6,997 | 7,823 | 6,997 | |
Individually evaluated for impairment | 0 | 0 | $ 0 | ||
Total ending allowance balance | 7,823 | 6,997 | 7,823 | 6,997 | 7,160 |
Loans individually evaluated for impairment | 398 | 398 | 473 | ||
Total ending loans balance | 690,853 | 690,853 | 613,057 | ||
Financial Asset Acquired [Member] | |||||
Acquired loans collectively evaluated for impairment | 117 | 117 | 148 | ||
Loans collectively evaluated for impairment | 33,476 | 33,476 | 41,542 | ||
Financial Asset Originated [Member] | |||||
Acquired loans collectively evaluated for impairment | 7,706 | 7,706 | 7,012 | ||
Loans collectively evaluated for impairment | 656,979 | 656,979 | 571,042 | ||
Commercial Portfolio Segment [Member] | |||||
Balance | 1,006 | 976 | 960 | 904 | |
Provision for loan losses | 132 | 48 | 178 | 99 | |
Loans charged-off | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 2 | 0 | 23 | |
Balance | 1,138 | 1,026 | 1,138 | 1,026 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 1,138 | 1,026 | 1,138 | 1,026 | 960 |
Loans individually evaluated for impairment | 315 | 315 | 276 | ||
Total ending loans balance | 99,466 | 99,466 | 87,251 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Acquired loans collectively evaluated for impairment | 0 | 0 | 1 | ||
Loans collectively evaluated for impairment | 650 | 650 | 665 | ||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Acquired loans collectively evaluated for impairment | 1,138 | 1,138 | 959 | ||
Loans collectively evaluated for impairment | 98,501 | 98,501 | 86,310 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Balance | 4,084 | 4,049 | 3,927 | 3,949 | |
Provision for loan losses | (103) | (58) | 53 | 40 | |
Loans charged-off | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 1 | 2 | |
Balance | 3,981 | 3,991 | 3,981 | 3,991 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 3,981 | 3,991 | 3,981 | 3,991 | 3,927 |
Loans individually evaluated for impairment | 38 | 38 | 42 | ||
Total ending loans balance | 338,345 | 338,345 | 306,913 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Acquired loans collectively evaluated for impairment | 42 | 42 | 62 | ||
Loans collectively evaluated for impairment | 7,443 | 7,443 | 10,095 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Acquired loans collectively evaluated for impairment | 3,939 | 3,939 | 3,865 | ||
Loans collectively evaluated for impairment | 330,864 | 330,864 | 296,776 | ||
Residential Portfolio Segment [Member] | |||||
Balance | 1,677 | 1,490 | 1,645 | 1,307 | |
Provision for loan losses | 70 | (16) | 106 | 191 | |
Loans charged-off | 0 | (1) | (6) | (41) | |
Recoveries | 0 | 0 | 2 | 16 | |
Balance | 1,747 | 1,473 | 1,747 | 1,473 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 1,747 | 1,473 | 1,747 | 1,473 | 1,645 |
Loans individually evaluated for impairment | 45 | 45 | 155 | ||
Total ending loans balance | 186,776 | 186,776 | 173,944 | ||
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Acquired loans collectively evaluated for impairment | 75 | 75 | 85 | ||
Loans collectively evaluated for impairment | 23,778 | 23,778 | 27,731 | ||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Acquired loans collectively evaluated for impairment | 1,672 | 1,672 | 1,560 | ||
Loans collectively evaluated for impairment | 162,953 | 162,953 | 146,058 | ||
Consumer Portfolio Segment [Member] | |||||
Balance | 908 | 417 | 628 | 311 | |
Provision for loan losses | 61 | 111 | 458 | 215 | |
Loans charged-off | (56) | (30) | (247) | (77) | |
Recoveries | 44 | 9 | 118 | 58 | |
Balance | 957 | 507 | 957 | 507 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 957 | $ 507 | 957 | $ 507 | 628 |
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending loans balance | 66,266 | 66,266 | 44,949 | ||
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Acquired loans collectively evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 1,605 | 1,605 | 3,051 | ||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Acquired loans collectively evaluated for impairment | 957 | 957 | 628 | ||
Loans collectively evaluated for impairment | $ 64,661 | $ 64,661 | $ 41,898 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $ 399 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 10 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 10 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 556 | $ 556 | $ 738 | ||
Impaired Financing Receivable, Recorded Investment | 398 | 398 | 473 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 768 | 405 | $ 1,396 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 5 | 34 | 189 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 5 | 34 | 189 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 399 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 10 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 10 | ||||
Impaired Financing Receivable, Average Recorded Investment | 768 | 405 | 1,396 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 5 | 34 | 189 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 5 | 34 | 189 | ||
Commercial Portfolio Segment [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 407 | 407 | 414 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 315 | 315 | 276 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 315 | 289 | 303 | 294 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 9 | 0 | 27 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 9 | 0 | 27 | 0 | |
Impaired Financing Receivable, Related Allowance | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 315 | 289 | 303 | 294 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 9 | 0 | 27 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 9 | 0 | 27 | 0 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 120 | 126 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 6 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 6 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 120 | 126 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 6 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 6 | |||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 78 | 78 | 83 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 38 | 38 | 42 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 39 | 255 | 40 | 620 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 2 | 5 | 104 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | 5 | 104 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 39 | 255 | 40 | 620 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 2 | 5 | 104 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | 5 | 104 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 44 | 44 | 48 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 18 | 18 | 22 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 18 | 91 | 20 | 242 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 1 | 2 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 1 | 2 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 18 | 91 | 20 | 242 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 1 | 2 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 1 | 2 | 4 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 27 | 27 | 193 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 27 | 27 | $ 133 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 13 | 42 | 114 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 13 | 42 | 114 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 0 | $ 0 | $ 75 |
Note 4 - Loans - Loans Past Due
Note 4 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 45 | $ 431 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 153 | 9 |
Recorded investment | 690,853 | 613,057 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 877 | 558 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 226 | 79 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 27 | 27 |
Recorded investment | 180 | 36 |
Financial Asset, Past Due [Member] | ||
Recorded investment | 1,283 | 673 |
Financial Asset, Not Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 18 | 404 |
Recorded investment | 689,570 | 612,384 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 276 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 9 |
Recorded investment | 99,466 | 87,251 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 9 |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 0 | 9 |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 99,466 | 87,242 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment | 338,345 | 306,913 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 53 | 0 |
Recorded investment | 319,984 | 291,775 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 18,361 | 15,138 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 52 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 53 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 53 | 52 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 319,931 | 291,723 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 18,361 | 15,138 |
Residential Portfolio Segment [Member] | ||
Recorded investment | 186,776 | 173,944 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 7,335 | 4,375 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 18 | 22 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 155,176 | 143,506 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 27 | 133 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 24,265 | 26,063 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 522 | 125 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 3 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 127 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 27 | 27 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 649 | 125 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 30 | 27 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 7,335 | 4,375 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 154,527 | 143,381 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 24,235 | 26,036 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 100 | 0 |
Recorded investment | 66,266 | 44,949 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 352 | 381 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 99 | 79 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 100 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 551 | 460 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | $ 65,715 | $ 44,489 |
Note 4 - Loans - Recorded Inves
Note 4 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Financing Receivable, Net | $ 681,469 | $ 604,683 |
Pass [Member] | ||
Financing Receivable, Net | 458,184 | 414,046 |
Special Mention [Member] | ||
Financing Receivable, Net | 4,564 | 2,909 |
Substandard [Member] | ||
Financing Receivable, Net | 5,035 | 4,889 |
Doubtful [Member] | ||
Financing Receivable, Net | 45 | 431 |
Not Rated [Member] | ||
Financing Receivable, Net | 223,025 | 190,782 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 97,687 | 86,265 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 1,059 | 350 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 556 | 178 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 0 | 276 |
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 164 | 182 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 18,361 | 15,138 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 311,540 | 283,877 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 3,452 | 2,500 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 4,352 | 4,711 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 640 | 687 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 2,860 | 1,234 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 2,272 | 1,321 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 23,818 | 25,606 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 53 | 59 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 18 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 109 | 0 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 18 | 22 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 27 | 133 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4,475 | 3,141 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 152,868 | 142,163 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 258 | 265 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 1,646 | 605 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 64,620 | $ 44,344 |
Note 5 - Fair Value (Details Te
Note 5 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | ||
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | 0 | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | |||||
Impaired Financing Receivable, Related Allowance | 0 | 0 | $ 0 | ||
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Fair Value - Assets an
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Securities, available-for-sale | $ 287,335 | $ 296,347 |
Equity securities | 386 | 400 |
US Treasury Securities [Member] | ||
Securities, available-for-sale | 8,434 | 8,447 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 27,246 | 26,265 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 92,058 | 97,357 |
Residential Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 92,221 | 102,183 |
Commercial Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 6,956 | 7,301 |
Other Debt Obligations [Member] | ||
Securities, available-for-sale | 15,572 | 16,615 |
Fair Value, Recurring [Member] | ||
Equity securities | 386 | 400 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Equity securities | 386 | 400 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Equity securities | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Securities, available-for-sale | 8,434 | 8,447 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 8,434 | 8,447 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 27,246 | 26,265 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 27,246 | 26,265 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 92,058 | 97,357 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 92,058 | 97,357 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 92,221 | 102,183 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 92,221 | 102,183 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 6,956 | 7,301 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 6,956 | 7,301 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities, available-for-sale | 44,848 | 38,179 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 44,848 | 38,179 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | ||
Securities, available-for-sale | 15,572 | 16,615 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 15,572 | 16,615 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | $ 0 | $ 0 |
Note 5 - Fair Value - Estimated
Note 5 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Held-to-maturity, fair value | $ 6,939 | $ 7,831 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 25,207 | 20,952 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 25,207 | 20,952 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 2,757 | 3,781 |
Loans held for sale | 999 | 1,165 |
Accrued interest receivable | 3,020 | 2,703 |
Short-term borrowings | 23,599 | 21,295 |
Federal Home Loan Bank advances | 8,190 | 8,256 |
Accrued interest payable | 258 | 49 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 761,523 | 784,181 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 192,876 | 102,381 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 2,660 | 3,847 |
Loans held for sale | 1,015 | 1,188 |
Accrued interest receivable | 3,020 | 2,703 |
Short-term borrowings | 23,599 | 21,295 |
Federal Home Loan Bank advances | 7,156 | 7,215 |
Accrued interest payable | 258 | 49 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 761,523 | 784,181 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 189,745 | 102,622 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 7,338 | 7,874 |
Loans, net | 681,469 | 604,683 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 6,939 | 7,831 |
Loans, net | $ 627,732 | $ 577,708 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Restricted Stock Units (RSUs) [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 5,328 | 0 | 5,328 | 8,878 |
Note 6 - Earnings Per Share - S
Note 6 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Net income available to common shareholders | $ 2,636 | $ 2,585 | $ 7,980 | $ 8,412 |
Weighted average common shares outstanding (in shares) | 3,078,595 | 3,039,049 | 3,072,336 | 3,036,473 |
Basic income per share (in dollars per share) | $ 0.86 | $ 0.85 | $ 2.60 | $ 2.77 |
Dilutive effect of restricted stock (in shares) | 1,218 | 503 | 0 | 275 |
Total common shares and dilutive potential common shares (in shares) | 3,079,813 | 3,039,552 | 3,072,336 | 3,036,748 |
Dilutive income per share (in dollars per share) | $ 0.86 | $ 0.85 | $ 2.60 | $ 2.77 |
Note 7 - Accumulated Other Co_3
Note 7 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | ||
Balance as of December 31, 2022 | $ (38,678) | $ 2,003 | $ (27,982) | $ 4,493 | |
Balance as of December 31, 2022 | 8,122 | (421) | 5,876 | (943) | |
Balance as of December 31, 2022 | (30,556) | 1,582 | (22,106) | 3,550 | |
Unrealized holding gains on available-for-sale securities arising during the period, before tax | 4,670 | (16,891) | (6,041) | (19,379) | |
Unrealized holding gains on available-for-sale securities arising during the period, tax | (981) | 1,269 | 4,070 | ||
Unrealized holding gains on available-for-sale securities arising during the period, net | 3,689 | (4,772) | (15,309) | ||
Amounts reclassified from accumulated other comprehensive income, before tax | 2 | [1],[2] | 0 | 17 | (2) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 0 | [1],[2] | 4 | 0 | |
Amounts reclassified from accumulated other comprehensive income, net | 2 | [1],[2] | 13 | (2) | |
Net current period other comprehensive gain, before tax | 4,672 | (16,891) | (6,024) | (19,381) | |
Net current period other comprehensive gain, tax | (981) | 3,548 | 1,265 | 4,070 | |
Net current period other comprehensive gain, net | 3,691 | (13,343) | (4,759) | (15,311) | |
Accumulated other comprehensive income (loss), before tax | (34,006) | (14,888) | (34,006) | (14,888) | |
Accumulated other comprehensive income (loss), tax | 7,141 | 3,127 | 7,141 | 3,127 | |
Accumulated other comprehensive income (loss), net | (26,865) | (11,761) | (26,865) | (11,761) | |
Net current period other comprehensive loss, before tax | 4,672 | (16,891) | (6,024) | (19,381) | |
Net current period other comprehensive loss, tax | (981) | 3,548 | 1,265 | 4,070 | |
Net current period other comprehensive loss, net | 3,691 | $ (13,343) | (4,759) | (15,311) | |
Amounts reclassified from accumulated other comprehensive income, tax | $ 0 | [1],[2] | $ (4) | $ 0 | |
[1]Income tax expense[2]Securities (gains) losses, net |